Aerospace Composites Market Size, Share, Industry Trends and Forecast to 2033
This report covers the Aerospace Composites market, providing comprehensive insights into market trends, competitive landscape, and forecasts spanning from 2023 to 2033. Key data on market size, growth rates, and regional analyses are included to guide strategic decision-making.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $23.00 Billion |
| CAGR (2023-2033) | 7.1% |
| 2033 Market Size | $46.56 Billion |
| Top Companies | Hexcel Corporation, Toray Industries, SABIC |
| Last Modified Date | 15 Nov 2024 |
Aerospace Composites Market Report (2023 - 2033)
Aerospace Composites Market Overview
What is the Market Size & CAGR of Aerospace Composites market in 2023?
Aerospace Composites Industry Analysis
Aerospace Composites Market Segmentation and Scope
Request a custom research report for industry.
Aerospace Composites Market Analysis Report by Region
Europe Aerospace Composites Market Report:
Europe's aerospace composites market was valued at $6.81 billion in 2023, expected to grow to $13.79 billion by 2033. This growth is supported by leading aerospace manufacturers in the region focusing on reducing weight and enhancing fuel efficiency in aircraft through innovative composite solutions.Asia Pacific Aerospace Composites Market Report:
The Asia Pacific aerospace composites market was valued at $4.37 billion in 2023 and is projected to reach $8.84 billion by 2033. The region is experiencing rapid growth due to rising aircraft production in countries like China and India, supported by substantial government investments in aerospace infrastructure and technology.North America Aerospace Composites Market Report:
The North American market is the largest for aerospace composites, standing at $8.54 billion in 2023 and projected to grow to $17.30 billion by 2033. The region is home to major aerospace manufacturing firms and is at the forefront of technological advancements in composite materials across commercial and military aviation.South America Aerospace Composites Market Report:
In 2023, the South American aerospace composites market is valued at $1.22 billion, expected to reach $2.48 billion by 2033. The growth is driven by increasing demand in the regional aviation sector and the rise of low-cost carriers enhancing air travel within the region.Middle East & Africa Aerospace Composites Market Report:
The market in the Middle East and Africa is anticipated to grow from $2.05 billion in 2023 to $4.15 billion by 2033. This growth is characterized by increasing attention on the aviation sector and strategic investments in modernizing fleets to meet international standards and efficiency.Request a custom research report for industry.
Aerospace Composites Market Analysis By Material
Global Aerospace Composites Market, By Material Market Analysis (2023 - 2033)
The aerospace composites market is characterized by distinct segments based on material type: Carbon Fiber dominates the market at $14.28 billion in 2023, projected to double to $28.90 billion in 2033, making up 62.08% of the market share. Glass Fiber accounts for a significant $6.34 billion in 2023, expected to double as well, which maintains a share of 27.56%. Other materials contribute $2.38 billion with a projected growth to $4.82 billion, making up 10.36%.
Aerospace Composites Market Analysis By Application
Global Aerospace Composites Market, By Application Market Analysis (2023 - 2033)
The commercial aviation sector is the largest application for aerospace composites, valued at $14.28 billion in 2023 and anticipated to grow to $28.90 billion in 2033, retaining a share of 62.08%. Military aviation also has a vital role, initially at $6.34 billion with growth to $12.83 billion, maintaining a share of 27.56%, while space applications represent a smaller segment valued at $2.38 billion with projected growth to $4.82 billion, giving 10.36% market share.
Aerospace Composites Market Analysis By End User
Global Aerospace Composites Market, By End-User Market Analysis (2023 - 2033)
End-users for aerospace composites primarily include OEMs and tier-1 suppliers who design and manufacture aircraft. As aircraft manufacturers continue to integrate advanced composite materials, the demand is expected to rise significantly, thereby driving investments into R&D and production capabilities.
Aerospace Composites Market Analysis By Manufacturing Process
Global Aerospace Composites Market, By Manufacturing Process Market Analysis (2023 - 2033)
The aerospace composites manufacturing process is evolving with methods such as lay-up (valued at $14.28 billion in 2023), infusion ($6.34 billion), and prepreg ($2.38 billion). Each method contributes to the overall efficiency and cost-effectiveness of production while maintaining high-quality material outputs necessary for aerospace applications.
Aerospace Composites Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Aerospace Composites Industry
Hexcel Corporation:
Hexcel is a leader in advanced composites technology, specializing in materials for aerospace, automotive, and industrial applications, contributing significantly to innovations in composite materials.Toray Industries:
Toray is a significant player in the fiber and composite materials sector, known for pioneering high-performance fibers and advanced composite materials used in various aerospace applications.SABIC:
SABIC specializes in the production of innovative materials and chemicals, including high-performance composites tailored for the aerospace industry, playing a vital role in material developments.We're grateful to work with incredible clients.
